[krame18]

Hello all,

I am the owner of a small web development business, looking to move to the next step. The business is so small, that it is currently run out of my house after my full-time job. My credit score is not quite what banks and other lenders are looking for, so I am open for suggestions. The capital would allow me to take the big step and go out on my own, moving the business out of the house and using strategic marketing plans to gain business. Any information would be greatly appreciated.

Thank you,
Mark

[Zokeseh]

If you are sure that you have a good idea that will make money and you don't mind working hard, you should try to either get a grant or a loan, it is easier to get a loan but if you get a loan you have to be sure that you will be profitable. Here's the link , check it out.
Grants and loans Small business grants and loans



Part-ownership business, I'm the v.p.
DIM DIGITAL

[krame18]

The only problem that I currently have with getting a loan is credit score. Now the question is, what is the best way of going about getting a grant and what are the qualifications needed?

[Zokeseh]

The best way of going about getting a grant is either buying a guide, finding someone you know who is legal savy and knowledgeable in grant writing, or doing it yourself by searching out government grants on the internet. Personally, I have contacted a relative who is a lawyer to provide assitance. I would advise you do the same. It is not easy to get a grant but it really pays off if you get one.

[mxer210]

I would keep looking for some banks that are lax about your credit because alot of banks realize people who don't have credit deserve money woudl pay it back.

I would look for freinds family, or look for a silent partner. If the banks wont' give you money,you'll have ot look for rich relatives, friends, etc.

[Frozenfox]

Hey Zol, it might be better if you were to move your pic to the bottom of your signature instead of taking up the whole post.

[ibcnet]

Have you considered a hard money loan?

By definition, a Hard Money Loan (also known as a High Yield Loan) is a form of borrowing used when conventional financing channels will not work.

Examples of Hard Money Loan needs are:

- To finance business acquisitions, turnarounds, or mergers

- To save commercial real estate from foreclosure

- For debt restructuring for a debtor in possession, and to fend off creditors in bankruptcy

- The borrower has bad credit, and normal financing channels will not provide the funds needed

For more info go to http://www.bcpl.net/~ibcnet/commercial-loans.html

[krame18]

No, actually I have never heard of a Hard Money Loan. I may give that a shot. Thanks for the info.

[bps092]

With all do respect here, I would reccomend you continue further studies of web development and design. From your website I can generally develop an idea of your skill sets in web development which are very poor. If I were you I would either hire someone that knows their stuff to work with you or continue the educational process. Welcome to YE!

[mxer210]

well.......His website does list computer repair first though. But...your post says web development, so not sure where you business comes from. It sounds like your business is becoming busy, Make sure you don't take too big of a step and make sure it's calculated risk.

[krame18]

BPS092, I am not sure where you mean the "all do respect", but my emphasis is more on development. I do not believe that my skill set is very poor based on the fact that the sites that I have built have what the client has asked for, entirely. I believe that you should spend your time perfecting the client's site and not your own, allowing you to have a working website with your services posted as opposed to having a very extravagant site with all of your skills on it. The customer should come first, perfecting your skill set on what is needed by them, not by working on your own site.

MXER210, thanks for the advice. I am not looking to take too big of a step, but at least get out there.